Apparently the Pegorino Family owes money to the corporation as there is the place of start of the Out of Commission chase with Pegorino's men when they may be paying or getting money out of there.

The name, "Schlong", referring to male genetalia, "berg" as a common Jewish surname ending (mocking the Jew/Money stereotype) and "Sachs", referring to "Goldman Sachs," a real-life bank that gains increasing attention from the public since the recent recession.